Banking & Finance

Bank profits rose in the first quarter, reaching their highest quarterly income levels since the second quarter of 2007, according to the Federal Deposit Insurance Corp. (FDIC) quarterly banking report released today.

BMO Financial Group reported second quarter net income of $1.03 billion (Canadian), up 27 percent or $215 million from the same quarter a year ago.

Waukesha-based CIB Marine Bancshares Inc., the holding company for Milwaukee’s Marine Bank, has filed with the Securities and Exchange Commission to voluntarily deregister its common shares.

Brookfield-based Fiserv Inc., a leading global provider of financial services technology solutions, today announced that U.S. Bank's online banking customers now have access to an iPad banking application (app) built on the Mobiliti Enterprise mobile banking and payments platform from Fiserv.

Waukesha-based Generac Holdings Inc., a designer and manufacturer of generators and other engine-powered products, announced today it is adjusting its previously disclosed recapitalization plan in light of recent financing market conditions.

The U.S. Department of Agriculture has awarded Associated Bank a Certificate of Achievement for assisting the department and the Rural Development Guaranteed Rural Housing Program in 2011.

PS Capital Partners LLC has moved its offices to 758 N. Broadway, Suite 910, Milwaukee.

Pewaukee-based Waterstone Mortgage Corp. hosted its first-ever national mortgage processors conference from May 6 to 8 at the Milwaukee Hilton.

Thrivent Financial for Lutherans will hold its annual member meeting at Miller Park on Tuesday, May 29 from 4:30 to 8:30 p.m.